You might get lucky, but chances are, you’ll spend a year or more just trying to find a deal that actually works.Curious to hear from others—have you successfully flipped in Boston as a newer investor?

Not sure if your property is in that area as you are a bit West.

When I buy an occupied property, I introduce myself to the tenants on the day of closing; then, I inspect every unit within one week.

It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

Quote from @Luke Carl:Yes her new book came out this week actually. 

Quote from @Marlena Hawkins: Does anyone know what insurance (liability, E&O etc.) is required for Property Management companies in DC and Maryland? 

I question if they get kick backs or actually hold ownership in this company.

Planning to sell my property in vegas, just wanted a second opinion on if these are typical, fair costs in today's market.

I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

For structuring your business, consider whether you actually need an LLC or if umbrella insurance might be a simpler alternative.